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In the intermountain west of Utah and Idaho, the dominant ancestral group is
Marginal Cost
The increase or decrease in total production cost when producing one additional unit of a good.
Average Cost
The total cost of production divided by the quantity of output produced, also known as the cost per unit.
Marginal Cost
The escalation in aggregate cost that comes from generating one more unit of a product or service.
Fixed Cost
Costs that do not change with the amount of goods or services produced by a business.
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